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Author Topic: You have not lost a dime if your Bitcoin is in your wallet  (Read 865 times)
Russlenat
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August 01, 2022, 10:18:21 PM
 #61

...All this people sold at different prices but their all sold only 1 Bitcoin.

If you look at it the way Elon Musk assessed the situation, who decided to sell BTC owned by Tesla for 29 thousand dollars, then it looks like a loss for his campaign. But if he decides to buy bitcoin for the same amount now, then his quantities will increase and exceed the initial purchase. So is it better to sell and then buy at a lower price or hold, in the hope that the price will recover?
Selling is only done when you see the coin has already increased its value, that way you will sell for profits and then buy back again when bitcoin is already in a low price. However, if you sell at a loss, that’s another story. Just focus on hodling the coin, you might never know in the future that the 1 bitcoin you used to hold, can already buy a lot of bitcoin if you decide it to sell.

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August 02, 2022, 11:09:03 AM
 #62

If you decide to sell your coins at a loss, then 1btc will not be the same anymore. And this is what most of the newbies do when they start panicking seeing the prices of their investments continue to decline. Instead of hodling since it will always retain its value and to stay away from losses, newbies resort into making mistakes and that is to sell bitcoin at a certain low price. That way, once you decide to sell at a loss, the value of bitcoin has already depreciated.

Yes, no, the problem is not that when the price of bitcoin decreases, the newbies sells his coins, but that he does not buy them back when the price of the coin has decreased. This way he could increase the amount of BTC in his wallet. But after the dump, he is generally afraid to make new purchases, even at a reduced price.

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August 04, 2022, 10:01:15 PM
 #63

Yes, no, the problem is not that when the price of bitcoin decreases, the newbies sells his coins, but that he does not buy them back when the price of the coin has decreased. This way he could increase the amount of BTC in his wallet. But after the dump, he is generally afraid to make new purchases, even at a reduced price.
After their dump the rookies thought this was a bad situation and their psychology wasn't ready either. when the dump market always wants to sell and cut their losses, but when the price starts to go up and higher then FOMO will create and make them start entering at a high price in the hope that it will continue to rise.
Selling btc at a high price and then buying it again at a lower price will increase the amount of assets, it will be better if the main goal is to hold bitcoin in the main wallet.
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August 12, 2022, 08:22:47 PM
 #64

You didn't lose anything until you sell the Bitcoin but not everyone is holding lot of Bitcoin in their wallets, apart from the early investors most of the others are just having few hundred or thousands worth of bitcoins so cutting the half of its value is not an easy task for them. One who prepared for this can conquer the investment of cryptocurrencies which is buy low and sell high but many just followed the hype should be in the oain and just became the prey of whales.
When you talk about Bitcoin holding and wallet then we have to focus on two factors that are, 1 when you buy the Bitcoin, and in doing so buying low is the best entry position. That is becausewhen you buy Bitcoinat low price you accumulate more than when you buy when the price is high.
2: never listen to fud and always hold your Bitcoin in a private wallet that way your Bitcoin is secured and safe from third parties.

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uchegod-21
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August 12, 2022, 08:37:42 PM
 #65

You didn't lose anything until you sell the Bitcoin but not everyone is holding lot of Bitcoin in their wallets, apart from the early investors most of the others are just having few hundred or thousands worth of bitcoins so cutting the half of its value is not an easy task for them. One who prepared for this can conquer the investment of cryptocurrencies which is buy low and sell high but many just followed the hype should be in the oain and just became the prey of whales.
When you talk about Bitcoin holding and wallet then we have to focus on two factors that are, 1 when you buy the Bitcoin, and in doing so buying low is the best entry position. That is becausewhen you buy Bitcoinat low price you accumulate more than when you buy when the price is high.
2: never listen to fud and always hold your Bitcoin in a private wallet that way your Bitcoin is secured and safe from third parties.
Apart from people who has the mind of long term investment, people who is doing short term investment dont need to keep holding even when there is sign for you to sell. If you sell high it is better because you can buy back later and even get more Bitcoin. This is more good than holding and the price goes down and you wait for so long for the price to come back to the initial level you were before the market started going bear. This can mean that you are not making profit and you are not loosing.

R


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Maliceprime
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August 13, 2022, 10:28:13 AM
 #66

We are just panicking for nothing, when it comes to BTC no one loses anything until they sold, hold and hold and keep holding, the only result you will get is a lower and higher price with time, all those who hold BTC at ATH of 69k will still look like the most lucky in four years time trust me.
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August 14, 2022, 11:18:05 PM
 #67

We are just panicking for nothing, when it comes to BTC no one loses anything until they sold, hold and hold and keep holding, the only result you will get is a lower and higher price with time, all those who hold BTC at ATH of 69k will still look like the most lucky in four years time trust me.

Of course that point of view is valid for long-term investors,which are an important percentage of Bitcoin Users, I assume.
But we must not forget that the price of Bitcoin is also influenced by traders, aka, people who expect to profit off Bitcoin in short terms, they are responsible much of the volume on the exchanges and the fear/greed they may feel also impact us all.

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August 22, 2022, 10:37:36 PM
 #68

Someone that has a long-time goal about bitcoin investment shouldn't be worried if he has a long-term plan of bitcoin investment. He is not worried about the loss of his investment if bitcoin depreciates badly cos he believes that he will surely make his profits back with patience. He will only lose when he buys higher and sells lower
People who get worried about bitcoin loss are those who have already targeted to have some amount of profit in a giving time forgetting that bitcoin is volatile and when the price of bitcoin drops they feel disappointed. But as for those who understand bitcoin even if it goes dip no need to panic but to still hodl .

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August 24, 2022, 11:43:29 PM
 #69

Someone that has a long-time goal about bitcoin investment shouldn't be worried if he has a long-term plan of bitcoin investment. He is not worried about the loss of his investment if bitcoin depreciates badly cos he believes that he will surely make his profits back with patience. He will only lose when he buys higher and sells lower
People who get worried about bitcoin loss are those who have already targeted to have some amount of profit in a given time forgetting that bitcoin is volatile and when the price of bitcoin drops they feel disappointed. But as for those who understand bitcoin even if it goes dip no need to panic but to still hold.
I.can see any reason why someone will set a target with a volatile commodity like Bitcoin, however, Bitcoin is most suitable for long-term gains and not short-term gains and one must be ready to have a lot of patients to achieve that long-term gains. This method will give you more peace of mind.

R


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August 25, 2022, 05:08:49 AM
 #70

we live in a world of uncertainty. Since 2017, I faced many bull and bear seasons of bitcoin specifically and crypto in general and there's always up after down and vice versa so we should have hope for this winter also pass. However, the crypto world is far from predictable, we don't know when will the bull season come again even those who have more knowledge about this, do not many have an accurate prediction really. I think the best people are those who can see the opportunity, surfing within this storm and still gain profits, they're the true winners.

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August 25, 2022, 07:29:18 AM
 #71

If you decide to sell your coins at a loss, then 1btc will not be the same anymore. And this is what most of the newbies do when they start panicking seeing the prices of their investments continue to decline. Instead of hodling since it will always retain its value and to stay away from losses, newbies resort into making mistakes and that is to sell bitcoin at a certain low price. That way, once you decide to sell at a loss, the value of bitcoin has already depreciated.

Yes, no, the problem is not that when the price of bitcoin decreases, the newbies sells his coins, but that he does not buy them back when the price of the coin has decreased. This way he could increase the amount of BTC in his wallet. But after the dump, he is generally afraid to make new purchases, even at a reduced price.
I think it will difficult for anyone who sells bitcoin in panic due to the fall of price of bitcoin to still have in mind to buy more even as the price is low. People who buy more are bitcoiners that has the patience to buy more to join to the bitcoin they had. It does even make any sense to sell bitcoin at loss, and still buy new set of bitcoin at lower price. Instead as the price of bitcoin falls it is still better to hodl and buy more if money is available than to sell it.

R


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August 25, 2022, 08:34:42 AM
 #72

I think it will difficult for anyone who sells bitcoin in panic due to the fall of price of bitcoin to still have in mind to buy more even as the price is low. People who buy more are bitcoiners that has the patience to buy more to join to the bitcoin they had. It does even make any sense to sell bitcoin at loss, and still buy new set of bitcoin at lower price. Instead as the price of bitcoin falls it is still better to hodl and buy more if money is available than to sell it.
The main problem sometimes is not how sure we are about the potential future price of bitcoin, but it is a capital issue. I know and believe that the price of bitcoin will increase slowly in the future, and ATH is always possible. But because the capital is not strong, then I prefer to remain silent and stop somewhere.

It's hard to make a decision when the bitcoin price drops a lot because at that point we actually lose the value of our asset. But selling on dip is an option to cut losses mainly because I could have wished the drop was deeper to buy and collect more. Cut losses is one of strategies in trading, so it might come in handy at some point.

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ethereumhunter
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August 25, 2022, 09:24:48 AM
 #73

we live in a world of uncertainty. Since 2017, I faced many bull and bear seasons of bitcoin specifically and crypto in general and there's always up after down and vice versa so we should have hope for this winter also pass. However, the crypto world is far from predictable, we don't know when will the bull season come again even those who have more knowledge about this, do not many have an accurate prediction really. I think the best people are those who can see the opportunity, surfing within this storm and still gain profits, they're the true winners.
If those guys could use bull season and bear season for bitcoin, they would never complain because they already know what to do in each season. Maybe at this time, the bear season has come because we see the price drop and stay at the current level without any certainty about when the price will rise again. But we must remain confident because this bear season will surely end soon and will be replaced by bull season. When the bull season comes, we will make a big profit, especially if we have prepared all the coins we have to be sold at a high price.

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ANSEL_2.0
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August 25, 2022, 01:24:06 PM
 #74

Not just bitcoin but every other altcoins as well, the moment you decide to sell is when you are really at a loss or profit, every time bitcoin roses from the dead all other altcoins will follow, even those that aren't doing so well, learn to have patience and hold your coins.

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August 25, 2022, 03:44:18 PM
 #75

...every time bitcoin roses from the dead all other altcoins will follow, even those that aren't doing so well, learn to have patience and hold your coins.

Not all altcoins will grow after bitcoin on a new bull run. This has already been tested in practice. Since 2017, I have about two dozen coins left in my wallet, the total value of which is $15. These coins depreciated by 99.9% and besides, the team abandoned work on these projects.

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August 26, 2022, 07:17:28 PM
 #76

The choice is what motivates the decision to sell unless for steel hand-holders who may have a strong back up for the daily necessity of life and have no reason to visit their Bitcoin balance for a long time, if you are in for a long time sake then holding Bitcoin without touching no matter what the situation may be in the market is a strong will drive that not everyone has the balls to do that, some tend to panic easily and are willing to cut loses at some point where they don't have any choice than to exchange they Bitcoin to solve a real-life problem.
 bitcoin is always 1 Bitcoin and no matter what the price may be you only lose when you sell below the price you buy it.
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August 26, 2022, 10:45:10 PM
 #77

Unrealized loss is still a loss. All Bitcoiners have less wealth than when Bitcoin was at $69,000. It's the same as inflation - your money can buy less goods than before. The difference is that Bitcoin has a good chance to recover and outgrow the ATH, while fiat will be slowly but surely losing its value. But we live in the present, not the future, and not everyone can afford to hodl and not touch their coins.

Imagine a world where everyone switched to Bitcoin, and someone was saving for years to buy a new car, and suddenly Bitcoin crashes by 74% and they can no longer buy a car. That's not a good basis for economy.

You are the right person here. Even when bitcoin crashes and some can't longer pay for some expenses that they used to pay for. Because of the drop by 74% which make them unable to take part of the remaining bitcoin due to the reduction in value to usd. This is also a loss and bad not good basis for economy because not everyone can hodl and not touch thier coins as Bitcoin was created to be used to purchase or spent as a currency not to be hodl.

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August 27, 2022, 07:05:50 PM
 #78

Those who bought the dip last time @18k still have a little stability but you can't say the same of those who bought bitcoin at the peak when bitcoin was at a $69,800 price in the last couple of months back when bitcoin was at an all-time time high.
1 Bitcoin indeed equals 1 Bitcoin as you only lose it when you sell, just to execute a trade , there is some time when one will not have any options but to sell your Bitcoin to leverage the trade to cut loses at an uncertain price period then one will realize the real impact of the price on the value of your Bitcoin holding.

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August 27, 2022, 10:19:15 PM
 #79

If am holding a coin in my wallet, I don’t care about the coins price the only thing I focus on is the amount of coin am holding in my wallet, mostly people don’t understand the way it works that’s why panic if price of a coin drop and mostly they sell at lost, if a person is holding 5 bitcoin if the bitcoin is in your wallet and you did not sell it, it will continue to be 5 bitcoin even if the price reduce drastically, the only thing that can change the amount you are holding is maybe you sold some. So people know that a coins price will bounce back and they will still panick and sell at lost.

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StormHawk
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August 29, 2022, 05:18:00 PM
 #80

Still a loss if you ask me for some reasons and depending on the person.

People will recognize the current value and not the bitcoin that they're holding. We may say that 1 btc = 1 btc at most times because we know that and we understand the essence of holding for a long time and that's not going to change a thing for us.

But for the others, we don't hold their minds and even if we comfort them by telling that 1 btc = 1 btc and they're not at loss until they start selling, they can't help themselves but always look at the market value that they have currently.

We've been there and also experienced that we used to check the prices from time to time and we cannot go further because we are realizing our losses.
People who thinks like this never grow, they are the type that can't invest for a better future because their mind isn't prepared for it, they have a poor mind soul honestly, I've met some people in this life that thinks that investing money and waiting for several years for better result is suffering, this is a poor mindset.

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